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Resident Willingness to Pay for Ecosystem Services in Hillside Forests
Wan-Jiun Chen1, Jihn-Fa Jan2, Chih-Hsin Chung3
1Department of Economics, Chinese Culture University, No. 55, HawKang Rd., Taipei 111, Taiwan.
Summary
Residents are willing to pay for hillside forest ecosystem services in Taiwan's Lanyang River Basin. Conserving these forests ensures local welfare and informs land-use policies.
Area of Science:
- Ecological Economics
- Environmental Valuation
- Watershed Management
Background:
- The Lanyang River Basin in Taiwan faces significant vulnerability.
- Hillside forests provide critical ecosystem services.
- Understanding the economic value of these services is crucial for conservation.
Purpose of the Study:
- To investigate resident willingness to pay for ecosystem services.
- To evaluate the economic value of provisioning, regulating, cultural, and supporting services.
- To identify determinants of economic values for hillside forests.
Main Methods:
- Application of the Contingent Valuation Method (CVM).
- Economic analysis of public welfare.
- Survey of 444 residents in the Lanyang River Basin.
Main Results:
- Ecosystem services in hillside forests hold substantial economic value.
- Conserving these forests directly benefits the welfare of nearby residents.
- Key determinants influencing economic values were identified.
Conclusions:
- Findings support the economic rationale for hillside forest conservation.
- Results provide a reference for regional land planning and policy development.
- The study contributes an ecological economics perspective to Anthropocene challenges.
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